December 6, 2011
Danske Bank in Denmark raises interest rates
Danske Bank raises its lending rates by up to 0.50 of a percentage point for both personal and business customers. The rate increases take effect on 3 February 2012.
The background for the increase is high funding and capital costs and a worsening risk picture for the Danish and European economies.
“Unfortunately, we see that the economic health status has deteriorated. This means that we have to adjust our interest rates to ensure that they match our lending risk. Danske Bank is one of the best capitalised banks in Europe. Appropriate pricing of our products is our foundation for continuing to be a strong bank that can support all our customers,” says Tonny Thierry Andersen, Member of the Executive Board.
Tonny Thierry Andersen, Member of the Executive Board, tel. +45 45 14 07 07
Anders Klinkby, First Vice President, tel. +45 45 14 57 95, mobile +45 25 10 19 19